New Delhi, June 4 -- To meet the country's ambitious 500 GW target, India's renewable sector will need to double its annual capacity addition to 50 gigawatts (GW) over 2025-2030, S&P Global Ratings said in a report.

This will mean almost doubling last year's capacity addition of 29GW.

The global rating agency said capacity addition will require USD 175 billion and up to USD 150 billion for the expansion and strengthening of the transmission and distribution network.

The next five years will be crucial as the country strives to meet its target of 500GW renewable capacity by 2030. This is a huge jump from the 214GW capacity as of March 2025, said S&P Global Ratings, adding that it believes onshore financing will aid capacity expansion. ...